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Jim Murphy borrowed $30,000 on 120 - day fourteen percent note. Jim paid $5,000 toward the note on day 95. On day 105 he paid an additional $6,000. Using the U.S. Rule Jim's adjusted balance after the 1st payment is:
Using the U.S. Rule, Jim's adjusted balance after the first payment is: $26,108.33.
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Asked 4/9/2013 12:56:35 AM
Updated 2/10/2014 5:50:41 AM
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Using the U.S. Rule, Jim's adjusted balance after the first payment is: $26,108.33.
Added 2/10/2014 5:50:41 AM
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